VNTG News & Events

Vantage announced the completion of its previously announced acquisition of 60% of the issued share capital of PJ Marine Shanghai, based in Shanghai, China, through its wholly owned subsidiary, Vantage, BVI, Corporation. "With PJ Shanghai now officially under the Vantage umbrella, we are excited to aggressively expand our presence in China's petrochemicals and S&P markets," said Vantage Corp CEO Andre D'Rozario. "The established on-the-ground operational infrastructure and broker presence in China positions PJ Shanghai to play a pivotal role to enhance PJ Singapore and Peijun Marine's operational efficiency and overall capabilities. While still in the early stages, we are already seeing encouraging momentum across the Petrochemical segment. The continued integration of the teams at PJ Singapore, Peijun Marine, and now PJ Shanghai is further strengthening our capabilities and positioning us to accelerate growth in this area. As each team becomes fully embedded within Vantage's operations, we aim to expand our China presence and drive increased deal flow across the S&P segment in the long-term, creating a stronger and more diversified pipeline moving forward."

Vantage announced that its wholly owned holding subsidiary, Vantage Corporation, has entered into three separate sales and purchase agreements to acquire 100% of the issued share capital of PJ Marine Singapore, 60% of the issued share capital of PJ Marine Shanghai and 60% of the issued share capital of Peijun Marine Consultant, respectively, for a total consideration of approximately $3.6M, to be settled entirely in cash. The consideration will be paid in two installments: the first payment on the completion date and the second payment on the first anniversary of the completion date.

Vantage Corp announced that its board of directors has authorized a share repurchase program of up to $1M of the company's Class A ordinary shares. The program will be in effect through December 31, 2026. "Given the recent volatility in our share price, we believe our stock is significantly undervalued relative to the strength of our fundamentals and long-term growth prospects," commented CEO Andre D'Rozario.